MAT u/s 115JB - The findings of the ld.CIT(A) holding the ...

CIT(A) Contradicts Itself: Recognizes Expenses as Current Yet Adjusts Book Profits as Prior Period Expenses.

July 28, 2023

Case Laws Income Tax AT

MAT u/s 115JB - The findings of the ld.CIT(A) holding the impugned expenses to be not in the nature of prior period expenses, but confirming the adjustment made to the book profits of the assessee as being in the nature of prior period expenses, is nothing but contrary findings. Once the ld.CIT(A) has appreciated the nature of the expenses, categorized by the assessee as prior period expenses, to be not so and categorically held so, the expenses clearly as per the findings of the Ld.CIT(A) do not qualify as prior period expenses. - AT

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MAT u/s 115JB - The findings of the ld.CIT(A) holding the ...

CIT(A) Contradicts Itself: Recognizes Expenses as Current Yet Adjusts Book Profits as Prior Period Expenses.

July 28, 2023

Case Laws Income Tax AT

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